The best and most optimal path forward will essentially be dictated by their wishes, and should take into consideration asset protection, income taxes and estate/gift taxes.

Protect your reputation. 

These clauses are there to protect the builder and the trades from losing money.

> Purpose:Priority# 1: Asset-Protection.Priority# 2: AnonymityPriority# 3: Tax protection (saving)> Query:Which could be the feasible option among:- Delaware Statutory Trust- Land Trust- Series LLC (Multiple in each state); and then having a parent LLC.

Hi All,I have rental properties and I'm looking for a CPA/Attorney to help develop and execute a strategy that provide Protection and Privacy.

If the water bill is in the tenants name its not your responsibility but you should have in your lease tenants are required to keep utilities on to protect building safety.

In order to protect ourselves we wanted to place a rental agreement, even though they are family members, we believe this is the best practice to let business be business when it comes towards the property. 

No lawsuits pending or anything, just protecting for the future. 

Unfortunately, you can't protect everyone.

Hopefully I'm not too naïve to think we can vet the renters, put specific family and neighbor friendly language in our listings, and put protections in place (noise detectors, people counters, etc.) to shutdown problem renters immediately.